Meesho Ltd. shares fell over 3% on July 28, 2026. Elevation Capital reportedly plans to sell a significant portion of its stake through a block deal. The venture capital firm held a 12.04% stake in the e-commerce company as of the June 2026 quarter. This potential sale is valued at approximately ₹1,200 crore.
Motilal Oswal initiated coverage on Meesho with a Buy rating. The brokerage established a price target of Rs 240. Analysts highlighted the company's asset-light business model as a primary driver. The firm expects Meesho to begin generating free cash flow in fiscal year 2027.
Market reaction during the session was primarily driven by the news of the potential block deal.